If you hold a different visa type, you may be eligible. Please contact us for more information.

Overview

This highly-specialised and dynamic program trains you to perform high-level financial and economic analysis at management level in both public and private sectors.

Economics as a discipline is constantly evolving to help us understand how and why we allocated resources. It analyses important issues such as poverty, inflation, unemployment, taxes, pollution, crime, finance, inequality, international competition, consumer behaviour, world trade and economic growth.

In addition to your core studies, you will be able to choose four courses to suit your career needs or study abroad with a focus on the European Union.

Details

Most of your classes will be held in RMIT's Swanston Academic Building which features innovative learning spaces interspersed with retail and social spaces resulting in a stimulating environment for students.

RMIT offers a variety of learning and teaching approaches including lectures, seminars, workshops, presentations, group discussions and project work.

Through RMIT University’s online learning portal, myRMIT, you will be able to view online resources and learning activities created by lecturers, access course materials via Blackboard, collaborate with lecturers and fellow students, and access your student email account.

Educational software, the Learning Hub, resources and printers are accessible on campus via the RMIT wireless network using your own laptop, tablet or smart phone or via computer facilities on-campus. You will be able to access the same software from home using myDesktop.

You will have the opportunity to directly apply your academic skills to a work context in work-integrated learning courses like Digital Business Design and Innovation, Business Analysis and Impact Management, and Business Solutions for Global Enterprises. These courses may involve interaction and feedback from industry, the community, clients and/or practitioners. They are designed to develop your work-ready capabilities and your ability to analyse and manage information and contexts, resolve problems and communicate effectively in your future business career.

Other work-connected and industry-relevant options include:

Working in a student team as part of the Fastrack Innovation Program. In this elective course you will work with mentors to develop and present a solution to a real problem. This form of fast-prototyping is designed to tap into fresh thinking from RMIT students.

Business Internship electives where you take up a position for one or two days per week for one semester. These positions are normally unpaid and are designed to develop your soft skills and increase your overall employability upon graduation. The placement must be self-sourced.

Guiding the development of the College of Business, both nationally and internationally, is an Industry Advisory Board of high-profile executives chaired by Gerhard Vorster, Chief Strategy Officer, Deloitte. The Board creates a strategic bridge between the latest in technology and design thinking and business.

RMIT University is committed to providing you with an education that strongly links formal learning with professional or vocational practice.

When planning your studies, you are advised to check which elective and minor courses are offered each year.

If you choose electives as your flexible courses, you may wish to consider business internship electives, global experience options such as internships or study tours, or BUSM4599 Business Skills for Start Ups, a course designed for students interested in starting up their own business, covering the stages from concept through to launch.

Choose a program structure

Program code: BP251

Title

Location

Duration

Plan code

CRICOS

Bachelor of Business (Economics and Finance)

City Campus

3 years full-time or part-time equivalent

3 years full-time

BP251

063198D

Choose a program structure

Program code: BP251

Bachelor of Business (Economics and Finance)

Location

City Campus

Duration

3 years full-time or part-time equivalent

3 years full-time

Plan code

BP251

CRICOS

063198D

Career

You will gain knowledge and skills in the core areas of business, economics and finance, and the capability to apply these skills in multidisciplinary environments.

This program prepares you for a range of occupations and industries, such as banking, stockbroking, funds management, insurance and superannuation, and in other private sector or government organisations requiring high-level, technical expertise in financial or economic analysis.

Admissions

*ATAR refers to the lowest selection rank to which an offer was made (including consideration of any adjustments) for current and recent year 12 applicants.

RMIT is committed to providing transparency to the admissions process. In line with this commitment, we provide you with information that will help in making informed choices about your undergraduate study options.

RMIT admits students from a range of educational pathways, including Year 12 results, previous higher education or vocational education study, work experience, and for some programs - interviews, auditions or portfolios.

Gain a better understanding of the Admission criteria for this program by viewing RMIT’s Admission information.

The highest level of education you have previously completed will determine which category applies to you.

Entry to this program is competitive. Applicants are ranked and selected in order of merit based on their academic achievement, e.g., ATAR or GPA (including any adjustments).

Applicants with recent secondary education (current or within the past two years)

Successful completion of an Australian Year 12 senior secondary certificate of education or equivalent in 2016, 2017 or 2018. If applicable, this includes equity access schemes and any other adjustment factors.

School Network Access Program (SNAP)

The SNAP access scheme is designed to increase tertiary access and participation of eligible students from SNAP partner schools.

Applicants with Vocational Education and Training study

Successful completion of any Australian Diploma or Advanced Diploma (or equivalent overseas qualification).

Applicants with Higher Education study

Successful completion of an Australian Higher Education Diploma (or equivalent overseas qualification); or

Successful completion of the equivalent of 1 semester of full-time study^ of an Australian Associate Degree with a credit average and no double-fail in any required course of the receiving degree; or

Successful completion of two Open Universities Australia higher education units. Scored or graded results are required.

3 year RMIT Bachelor of Business degree students (internal applicants only):

Successful completion of the equivalent of 1 semester of full-time study^ and no double-fail in any required course of the receiving degree.

All other 3 year bachelor degree students:

Successful completion of the equivalent of 1 semester of full-time study^ of any Australian Bachelor Degree with a cumulative GPA of 1.0 out of 4.0 / 50% Weighted Average Mark (WAM); and no double-fail in any required course of the receiving degree.

4 year bachelor degree students:

Successful completion of the equivalent of 1 semester of full-time study^ of any Australian Bachelor Degree and no double-fail in any required course of the receiving degree.

^ One semester of full-time study relates to a block of study: 4 out of 4 or 3 out of 3 courses within a semester.

Applicants with Work and Life Experience

This course uses the entire academic record as part of its selection considerations.

You must sit the Special Tertiary Admissions Test (STAT) Multiple Choice if:

You have no prior Year 12, VET qualifications, HE results or relevant work experience that meet the minimum entry requirements for the program; and

You are 19 years of age or over (as of 1 Jan 2019) and have not enrolled in secondary studies for at least two years.

Pathways

Graduates of many RMIT vocational education and associate degree programs may be eligible to apply for exemptions. For details about pathways and the duration of your studies, please visit the recognised pathways page.

Defer your payment

You may be eligible to apply for a HECS-HELP loan, which can be used to defer payment of up to the full amount of your student contribution fees. You may also be eligible to apply to defer payment of your SSAF through the SA-HELP loan scheme.

All undergraduate and honours degrees have Commonwealth supported places (CSP) available. In 2019, the annual student contribution amount (tuition fee) you will pay for a standard year of full-time study is between AU$6,566 to AU$10,958.

In a CSP, your tuition fees are subsidised by the Australian Government. Your share of the fee (student contribution) is set each year by the Australian Government and is determined by the discipline areas (bands) of the courses in which you enrol, not the overall program.

How much can I expect to pay for my Commonwealth supported place?

Courses (subjects) fall into one of three bands. The band determines the student contribution amount for the course.

Amounts listed in the table below are based on a standard, full-time study load (96 credit points per year) with all courses in the same band. A proportionate fee applies for more or less than the full-time study load or for enrolment in courses (subjects) from a combination of bands.

HECS-HELP Loans

The Australian Government provides financial assistance via the HECS-HELP loan scheme, which allows eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) to defer payment of up to the full amount of their student contribution.

SA-HELP Loans

You may be eligible to apply to defer payment of the Student services and amenities fee (SSAF) through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.

How does a HELP loan work?

If your HECS-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to the full amount of your fees. This amount will become part of your accumulated HELP debt.

You will only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying).

The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.

In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student.

The SSAF is calculated based on your enrolment load and the maximum fee for 2019 is $303.

For more information about calculating your actual SSAF see Paying SSAF.

You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.